Fireblocks has disputed a report that payments giant Visa is in late-stage talks to acquire the crypto custody and infrastructure provider for approximately $2.5 billion. Visa, for its part, declined to comment on the reported discussions.

The report by Axios, published Thursday, cited multiple sources saying that the payments giant was in advanced discussions to acquire Fireblocks for roughly $2.5 billion.

“We are aware of the rumors about a possible acquisition of Fireblocks by Visa. This is news to us, and not true at present time,” a Fireblocks spokesperson told Cointelegraph on Thursday.

Asked about the reported talks, a Visa spokesperson told Cointelegraph that the company does not comment on “rumors or speculation.”

The responses draw a contrast between the two companies: Fireblocks went beyond a no-comment to dispute the report outright, while Visa kept to its stated practice of not addressing deal speculation. Neither side has confirmed that talks are underway, leaving any further statements or additional reporting as the next development to watch.

At the reported price, an acquisition would represent a steep discount to Fireblocks’ most recent publicly disclosed valuation of more than $8 billion — the $2.5 billion figure would amount to less than a third of that mark. The company reached that valuation with a $550 million Series E funding round announced in January 2022, which Fireblocks said would make it the highest-valued digital asset infrastructure provider. Data provider Traxcn lists the $8 billion valuation as recently as Dec. 11, 2025.

Source: Cointelegraph